Earnings Preview: Meredith

Published on Monday, 23 January 2012 12:56 Written by Christopher Lynn

New York, January 23rd (TradersHuddle.com) - Shares of Meredith Corporation (NYSE:MDP) are trading higher by +1.35% ahead of its quarterly earnings release. Meredith, the media company publisher of Parents and Better Homes and Gardens Magazines is expected to release its quarterly results on January 24^th.

Wall Street Analysts consensus calls for a profit of $0.68 a share on $342.28 million revenue.

Meredith estimates have a range of $0.04 a share. The high estimate calls for profit of $0.7 a share and the low estimate is calling for a profit of $0.66 a share, a year ago for the quarter the company reported $0.88 a share.

Meredith Corporation (NYSE:MDP) is a diversified media company primarily focused on publishing and broadcasting. Its publishing segment includes magazine and book publishing, integrated marketing, interactive media, brand licensing, and other related operations. Meredith also operates network-affiliated television stations and markets and develops syndicated television programs. The Publishing segment publishes magazines for women focusing on the home and family market.